GAM Holding AG lowered its position in shares of Servicemaster Global Holdings Inc (NYSE:SERV) by 33.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,217 shares of the business services provider’s stock after selling 9,445 shares during the quarter. GAM Holding AG’s holdings in Servicemaster Global were worth $1,192,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fort L.P. purchased a new position in Servicemaster Global during the second quarter valued at $122,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Servicemaster Global in the 2nd quarter worth about $146,000. Moneta Group Investment Advisors LLC raised its position in shares of Servicemaster Global by 104.2% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,175 shares of the business services provider’s stock worth $189,000 after purchasing an additional 1,620 shares during the last quarter. First Hawaiian Bank purchased a new position in shares of Servicemaster Global in the 3rd quarter worth about $193,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Servicemaster Global in the 3rd quarter worth about $205,000. 94.02% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Matthew Stevenson sold 2,562 shares of Servicemaster Global stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $44.20, for a total value of $113,240.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Several research firms have recently issued reports on SERV. Nomura lifted their price target on Servicemaster Global from $48.20 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Buckingham Research set a $47.00 price target on Servicemaster Global and gave the stock a “buy” rating in a research report on Thursday, September 13th. Robert W. Baird set a $45.00 price target on Servicemaster Global and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. Stifel Nicolaus lifted their price target on Servicemaster Global from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. They noted that the move was a valuation call. Finally, ValuEngine lowered Servicemaster Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Servicemaster Global currently has an average rating of “Buy” and an average price target of $47.00.

NYSE SERV opened at $41.22 on Friday. Servicemaster Global Holdings Inc has a one year low of $32.89 and a one year high of $45.64. The stock has a market capitalization of $5.82 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 1.15 and a debt-to-equity ratio of 1.90.

Servicemaster Global (NYSE:SERV) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.67 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.12). Servicemaster Global had a return on equity of 23.65% and a net margin of 16.61%. The business had revenue of $873.00 million during the quarter, compared to the consensus estimate of $865.00 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. Servicemaster Global’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts expect that Servicemaster Global Holdings Inc will post 2.11 EPS for the current year.

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About Servicemaster Global

ServiceMaster Global Holdings, Inc provides residential and commercial services in the United States. The company operates through three segments: Terminix, American Home Shield, and the Franchise Services Group. The Terminix segment offers termite and pest control services, including termite remediation, annual termite inspection, and prevention treatments with damage claim guarantees, periodic pest control services, insulation services, mosquito control, crawlspace encapsulation, and wildlife exclusion.